Kwang-soo Kim, Chairman of the Banking Federation, “Concerns about disciplining CEOs in the financial sector, shrinking business activities

[FETV=박신진 기자] “Recently, the banking sector is concerned about the fact that the supervisory authorities are pursuing the disciplinary action of the bank chief for lack of internal control.”

Banking Federation Chairman Kim Kwang-soo, on the 100th day of his inauguration, said through an online press conference on the 9th, saying, “Let’s actively communicate on issues in the banking industry.

He said, “The disciplinary action of the financial supervisory authority is far from the’principle of clarity’, which is the basic position of the legal authorities and the court, so it is difficult to predict in the financial sector and there is a high risk of reducing business activities by increasing uncertainty.” Told.

In particular, regarding the case of disciplining the CEO as a supervisor, there are many negative opinions that “considering the reality that the bank chief cannot manage and supervise the actions of all executives and employees in practice, there are many negative opinions that they are demanding de facto responsibility for consequences.” “Invasive administrative disposition” said, “It is necessary to apply faithfully to relevant regulations or legal texts so that financial companies can have sufficient predictability,” he said.

Chairman Kim cited the mid- to long-term goal of the Banking Federation to prepare for the implementation of the Financial Consumer Law, which will take effect on the 25th. He said, “In accordance with the enforcement of the Financial Security Act, we have prepared a’joint business processing plan’ such as terms and conditions, a product description standard, and a method for withdrawing subscription withdrawal, and the’internal control standard’ and’consumer protection standard standard’, which will be effective from September 25 “He explained.

He also said that it will support the real economy, which is currently difficult. Chairman Kim said, “We will provide financial support to SMEs and small business owners who are struggling with Corona 19, and achieve the Korean version of the New Deal or innovative finance.”

In the long run, it aims to increase customer trust in the banking industry. Chairman Kim said, “I will try to establish a customer-oriented management and consumer-oriented culture.”

It also emphasized the competitiveness of the bank’s platform. Chairman Kim said, “As the corona is prolonged and non-face-to-face is progressing faster, banks need to make efforts to switch to platform companies in order to gain long-term competitiveness.” · Service should improve the customer experience.

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